SHANGHAI, Sept. 7 (SMM) – China's Tianneng Group shifts its attention to motive lithium batteries, SMM learns.
The company has accounted for as high as 55% domestic lithium battery market and lithium battery capacity has hit 1.25 GWH/yr at the company. Lithium batteries can be used in e-bike and electric cars, including Chery and Kangdi brands.
Besides, the company already developed cooperation with over 100 green car enterprises, citing Chery Automobile, Zhejiang Geely Holding Group, etc.
Tianneng Group Half-Year Financial Report of Motive Batteries | |||
Products | Business Turnover mid 2015 | Year on Year | Shares in Total Business Turnover |
E-bike Batteries | 5,159,097 | Up 10.1% | 68.5% |
Electro-Tricycle Batteries | 1,275,324 | Up 16.5% | 16.9% |
Electric Car Batteries | 559,494 | Up 87.6% | 7.4% |
Secondary Lead-acid Batteries | 226,289 | Up 120.6% | 3% |
Lithium Batteries | 189,149 | Up 120.57% | 4.2% |
Total | 7,531,917 | Up 14.5% | |
Source: Tianneng Group and SMM Unit：thousand yuan | |||
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